Treasury could step in to help Keydata victims

The Keydata Victims Action Group believes the Treasury could get involved as within a month of the launch of Keydata Secure Income Bond in September 2005, the FSA was put on notice by senior executives of both HSBC and KPMG regarding materially false claims in Keydata's literature. Critics of the FSA's role in the debacle claim investors are suffering loss and hardship now because the regulator failed to adequately supervise Keydata during the 24 month period from receipt of the information from KPMG and HSBC. In total 30,000 investors have over £500m invested in the failed SLS and Li...